Is it hard to get a job at First Republic Banks?

One reason that the competition is fierce at First Republic Bank is that the pay is very competitive, and in most cases, you typically earn more there than you would in a similar role at another bank.

A Client Service Associate, for instance, averages $71,456 a year, which is significantly higher than the national average of $43,268 a year, while a Preferred Banker at First Republic Bank averages $100,304 a year, which is also significantly higher than the national average of $68,422 a year.

The hiring process for these roles involves multiple interview rounds and an assessment test.

Some particularly competitive positions at First Republic Bank include technological, data analytics, and analyst. The bank has a reputation for being a great company to work for, thanks to its competitive pay, excellent benefits, and good work-life balance.

A Business Analyst at First Republic Bank, for example, averages $120,572 a year, which is 44% higher than the national average of $77,218 a year, while a Data Engineer averages $150,813 a year, which is 19% higher than the national average of $121,948 a year.

The hiring process for more technical positions such as an analyst or software engineer is arduous and includes not only several rounds of interviews but also project or homework assessments and several technical interview rounds, as well.

The hiring process also takes several months to complete, with the average hiring time for these positions at First Republic Bank taking 36 days to complete. The reason for this is to weed out candidates and find those who are passionate and committed to giving it their all if hired at First Republic Bank.